2017 New Jersey Revised Statutes
TITLE 18A - EDUCATION
Section 18A:39-4 - Form of bid; deposit; forfeiture or return of deposit

Universal Citation: NJ Rev Stat § 18A:39-4 (2017)

18A:39-4. Form of bid; deposit; forfeiture or return of deposit

Each transportation bid shall be accompanied by information required on a standard form of questionnaire approved by the state board and by a cashier's or certified check for 5% of the annual amount of the contract, which deposit shall be forfeited upon the refusal of a bidder to execute a contract; otherwise, checks shall be returned when the contract is executed and a bond filed.

L.1967, c.271

Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.